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Billionaire club in bid to curb overpopulation
America's richest people meet to discuss ways of tackling a 'disastrous' environmental, social and industrial threat
May 24, 2009
SOME of America’s leading billionaires have met secretly to consider how their wealth could be used to slow the growth of the world’s population and speed up improvements in health and education.
The philanthropists who attended a summit convened on the initiative of Bill Gates, the Microsoft co-founder, discussed joining forces to overcome political and religious obstacles to change.
Described as the Good Club by one insider it included David Rockefeller Jr, the patriarch of America’s wealthiest dynasty, Warren Buffett and George Soros, the financiers, Michael Bloomberg, the mayor of New York, and the media moguls Ted Turner and Oprah Winfrey.
The U.S. Dollar has lost around 95% since 1913: about 100 years ago. A complete dollar destruction looks different. The devaluation is set to accelerate with massive bailouts completed and on the horizon.
What are the implications for a dollar collapse. Those holding dollars or bonds are at serious risk for losing value due to inflation. Other asset classes may increase in dollar amounts (though many not in value). Unfortunately dollar devaluation, otherwise known as inflation, is very destructive to the economy: Many industries will struggle and die.